Germany’s Dax Tries to Maintain Gains

The German DAX index maintains its recorded gains, reaching 15,830 within an upward slope, benefiting from the positive stability above 15,650.

Technically, we tend to the positivity, relying on the stability of the intraday trading above 15,560, which is accompanied by the positive motive of the 50-day moving average and the stochastic positioning around the overbought areas.

Therefore, the bullish bias is more likely today, but with caution, provided that the breach of 15,840 is confirmed, and that is a catalyst that contributes to strengthening the index’s gains, so that the road is open to visit 15,940 and 15,800, respectively, unless we witness the return of trading stability again on 15,560, because breaking it increases the possibility of controlling the bearish trend with the target of 15,480.

Note: The risk level is high

S1: 15640	R1: 15800
S2: 15580	R2: 15895
S3: 15490	R3: 15960